Bill Text: NY S00220 | 2011-2012 | General Assembly | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Exempts compensation for active military service from inclusion in a resident's adjusted gross income under certain circumstances.

Spectrum: Partisan Bill (Republican 8-0)

Status: (Introduced - Dead) 2012-05-16 - PRINT NUMBER 220B [S00220 Detail]

Download: New_York-2011-S00220-Amended.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        220--B
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                      (PREFILED)
                                    January 5, 2011
                                      ___________
       Introduced  by  Sens.  MAZIARZ, BONACIC, DeFRANCISCO, FUSCHILLO, GRIFFO,
         JOHNSON, LARKIN, SEWARD -- read twice and ordered  printed,  and  when
         printed to be committed to the Committee on Investigations and Govern-
         ment  Operations -- recommitted to the Committee on Investigations and
         Government Operations in accordance with Senate  Rule  6,  sec.  8  --
         committee  discharged,  bill amended, ordered reprinted as amended and
         recommitted to said committee -- committee discharged,  bill  amended,
         ordered reprinted as amended and recommitted to said committee
       AN  ACT  to amend the tax law, in relation to exempting compensation for
         active military service from inclusion in a resident's adjusted  gross
         income
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Paragraph 8 of subsection (c) of section  612  of  the  tax
    2  law,  as  amended by chapter 528 of the laws of 1964, is amended to read
    3  as follows:
    4    (8) Compensation received for active service in the  armed  forces  of
    5  the  United  States  [on or after October first, nineteen hundred sixty-
    6  one, and prior to September first, nineteen hundred sixty-two; provided,
    7  however, that the amount of such compensation to be deducted  shall  not
    8  exceed  one  hundred  dollars for each month of the taxable year, subse-
    9  quent to September, nineteen hundred sixty-one, during any part of which
   10  month the taxpayer was engaged in such service] TO THE EXTENT INCLUDIBLE
   11  IN GROSS INCOME FOR  FEDERAL  INCOME  TAX  PURPOSES  AND  NOT  OTHERWISE
   12  EXCLUDED  PURSUANT  TO  PARAGRAPH  EIGHT-C  OF  THIS  SUBSECTION, IF THE
   13  TAXPAYER MAINTAINED A PERMANENT RESIDENCE IN NEW YORK STATE  AND  SERVED
   14  IN  THE  ACTIVE SERVICE IN THE ARMED FORCES OF THE UNITED STATES OUTSIDE
   15  OF NEW YORK STATE FOR A PERIOD OF AT LEAST NINETY DAYS DURING THE  TAXA-
   16  BLE  YEAR. For the purposes of this paragraph, the words "active service
   17  in the armed forces of the United States" shall mean active duty  (other
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01060-04-2
       S. 220--B                           2
    1  than  for  training) in the army, navy (including the marine corps), air
    2  force or coast guard of the United States as defined in title ten of the
    3  United States code.
    4    S  2.  This act shall take effect immediately and shall apply to taxa-
    5  ble years beginning on and after January 1, 2012.